Perpetuals: aggressive terms don't scare investors

Even the prospect of a 20-year wait for a step-up, investors are ready to take the credit risk in one Hong Kong-listed leasing company. It reflects strong appetite for yield.

It's been a record year for perpetual bonds across Asia Pacific, as investors shrug off default risk and the prospect of interest rate rises to snap up bonds with no maturity date.

¬ Haymarket Media Limited. All rights reserved.

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